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£

Over how many months?

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£${ monthlyRepaymentAmount | formatCurrency }

Representative APR

59.9 %

Total repayable

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( It won’t affect your credit score )

Representative 59.9 % APR

Representative example

Borrowing £2,000 over 24 months at Representative 59.9% APR and Interest rate 59.9% p.a. (fixed) with monthly repayments of £131.05 and a total amount payable of £3,145.20. This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 39.9% APR to maximum 89.9% APR. Loan terms from 12 to 36 months.

12 Month Loans

Poor credit ratings and bad credit histories are often seen as barriers to securing finance. However, there may still be a way that you can access the money you need, one such example is with a 12 month loan from Likely Loans.

Small loans over 12 months can be useful in helping to pay off any unexpected bills, or for helping to complete any essential home improvements. Bad credit isn’t necessarily a barrier to a 12 month loan, and at Likely Loans, we may be able to help you. After all, we understand that life sometimes gets in the way, and you may need access to additional funds from time to time.

This is why we offer 12 month loans direct to customers with no-guarantor. Applying for small loans over 12 months is simple, and applying for a quote won’t affect your credit score. What’s more, 99% of customers are happy with our service, so why not get a quote for a 12 month loan today?

How Do I Apply?... 3 steps, that’s it!

When applying for one of our unsecured personal loans there are three simple steps to follow:

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1. Tell us a little bit about you

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2. Get an instant response

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3. Money next working day

Why Choose Likely Loans for a 12 Month Loan?

  • No obligation quotes that don’t impact on your credit score
  • Our application form is quick and easy to complete
  • You can manage your loan online
  • No fees, including early repayment fees

Frequently answered questions

Can I borrow a 12 month loan with a bad credit score?

With the ability to shop around online for different types of loans, getting rejected by your bank isn’t necessarily a problem as lenders like Likely Loans may be able to give you access to bad credit loans despite a low credit score. We understand that while you may not have a perfect credit history, it doesn’t necessarily reflect your position now, so when applying for a 12 month loan with bad credit, lenders will look at your current financial situation and other indicators to decide whether you’ll be able to afford the fixed monthly repayments on the loan.

If you’re worried about being rejected because of your bad credit history, you can check your eligibility with us without having an impact on your credit score. We do soft search credit checks which mean your credit file won’t be affected at this stage. We do soft search credit checks which means your credit file won’t be affected at this stage. Simply enter a loan amount and term into our online loans calculator with a few of your details to receive your personalised loan quote.

Can I get a 12 month loan without a guarantor?

Yes. We offer unsecured loans which mean you neither need to secure your loan against your assets nor need someone else to be a guarantor as part of your online application.

Can I get a 12 month loan with no credit check?

No. As responsible lending is our priority, we carry out credit checks to make sure we aren’t lending to anyone who can’t afford it.

Can I use a 12 month loan to pay off other debts?

Of course, you can use the loan for things like unexpected bills, car finance and home improvements. Debt consolidation can often be a good choice depending on your circumstances. However, we encourage you to work out if consolidation loans financially make sense as sometimes spreading the flexible repayments of a larger amount over a longer term can mean you pay more interest.

What is the criteria to get a 12 month loan?

As with most loan providers, our lender requirements are that you’ll need to be over 18, a UK resident, employed and have a bank account and debit card to complete a loan application. In terms of income, you should be able to comfortably afford monthly payments from your regular income - for example, as a guide, £700 per month would be a minimum. We’ll look at your credit history and personal finances before making our decision.

How long will it take before receiving the 12 month loan?

Applying for any loan with Likely Loans is quick and simple and you’ll find out if you’ll be eligible within minutes. After that, once your application goes through the required checks, if you meet the approval criteria, the money should be received in your account by the next working day.

How much will a 12 month loan cost?

Your total amount repayable is dependent on how long it takes you to repay your loan and the APR you’re offered which is based on your personal circumstances, amount and loan repayment period. As an example, borrowing £2000 over 12 months at representative 59.9% APR and interest rate 59.9% p.a. (fixed) with monthly repayments of £213 your total amount payable would be £2,556.

What is an APR?

APR is the annual percentage rate and important for calculating the cost of money borrowed. Interest rates, fees, how often it’s charged and all other costs contribute to the APR. Representative APR is the APR we'll offer to at least 51% of people who are accepted - it's not a guarantee. The remaining customers that are also accepted will be offered a different APR than the one advertised based on individual circumstances. Please note, the APR offered is based on your personal situation and is dependent on many different factors. As such the APR offered may be different from the representative APR.


Will I pay a higher rate if I have bad credit?

Yes, you might. As a lender, we offer our representative APR of 59.9% to at least 51% of customers who are accepted for a loan. If you have poor credit, you may be charged a different rate.

How much can I borrow?

For a 12 month loan, you can borrow from £500 to £5000 and pay back the loan in monthly instalments.

Can I top up my 12 month loan?

You may be able to top up your loan in the future if you become eligible. You can check your eligibility through your online account.

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Get a Quick Quote for a 12 Month Loan

We specialise in 12 month loans for individuals with bad credit. Additionally, like all the loans we offer, our 12 month loans are unsecured, so to apply you don’t need to be a homeowner.

For a quote on interest payments, and to see whether you’ll be accepted for a 12 month loan with bad credit, we’ll just need a few personal details. You’ll then know what your repayments could be if you are eligible.

Once you’ve completed and sent your application, the money could be with you the next working day.

Apply for a 12 Month Loan Today

You can apply for small loans over 12 months today, even if you have bad credit. If you have any questions, please contact us or visit our FAQs.

( It won’t affect your credit score )

Representative 59.9 % APR